The utilitarian–maximin social welfare function and anomalies in social choice
The
utilitarian–maximin
social welfare function and anomalies in social choice
复制标题
功利主义——最大化社会福利函数与社会选择的异常
DOI:
10.1002/soej.12464
复制
发表时间:
2020
影响因子:
1.9
通讯作者:
Byung
中科院分区:
文献类型:
--
作者:
Mark Schneider;Byung
Two major criteria of distributive justice are the utilitarian criterion and the maximin criterion. We offer a simple axiomatic characterization of a mixed utilitarian–maximin social welfare function. This social welfare function explains recent empirical violations of the standard cardinal social choice theory such as the social Allais paradox and the social common ratio effect. In addition, it offers a new foundation for the positively skewed wealth distributions in society. It also provides an objective function for mechanism design applications that trades off maximizing surplus and minimizing inequality.